Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
In This Article:
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Comcast (CMCSA)
Comcast is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal and Sky.
CMCSA boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Comcast has seen some interesting price action recently; the stock is up 0.2% over the past one week and up 4.3% over the past four weeks. And in the last one-year period, CMCSA has lost 5.8%. As for the stock's trading volume, 18,781,900 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, one analyst revised their earnings estimate higher in the last 60 days for CMCSA, while the Zacks Consensus Estimate has increased $0.01 to $4.24 per share. CMCSA also boasts an average earnings surprise of 8.8%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding CMCSA to their portfolios.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Comcast Corporation (CMCSA) : Free Stock Analysis Report